Premier Laser to Sell Stake in Imaging Firm

Laser manufacturer Premier Laser Systems Inc., which shut down its operations in March and filed for bankruptcy, said Tuesday that it has agreed to sell its majority stake in Ophthalmic Imaging Systems, a Sacramento maker of digital and image enhancement systems.

Irvine-based Premier is selling its stake to Israel-based MediVision Medical Imaging Ltd. for $2.2 million in cash and $1 million in MediVision stock.

Premier will continue to pursue the sale of its other assets or a merger with another company, said Michael J. Quinn, its president.